One more product acquisition by Aurionpro. Omnifin, a Loan Management product with 45 banks and NBFCs as customers.
Last year it had a sales of around 21 crore … the total deal size is 82 crores
93fbb404-4fcc-4978-8c2d-adacac38c23d.pdf (1.1 MB)
EBITDA details unknown as of now… probably this is a bit higher valuation in comparison to the previous acquisition of InteractDX… Aurionpro would have evaluated option for Build vs Buy …plus the the time it takes to acquire this market size of 45 customers
Payment seems to be in the form of Cash and Equity
36 crores Cash +
26 crores worth Preferential shares +
20 crores deferred payment after 3 years
Preferential shares will be issued to Mr. Abhijit Mitra (founder of Omnifin product) who will be joining Aurionpro…he was ex Nucleus software Head India operations & products
I guess all the other employees who worked on this product will also join Aurionpro as was the case with previous acquisition.
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